I've found so much contradicting information online and through the hired professionals that handle my taxes. I am hoping that someone here can provide a more reliable answer. I have a well-funded defined benefit pens...
We will receive a net gain of $250,000 from the sale of a relinquished investment property and the funds will be held by a QI. We want to purchase a mixed-use replacement property for $750,000--a home with a detached ...
I have been looking into Opportunity Zone Funds (OZF) to defer capital gains I made in December (plus make more long term capital gains without paying taxes). I have a decent grasp of how OZF works. What I am trying...
One of the property I am evaluating is in the opportunity zone. What does opportunity zone investing mean for an individual investor who is buying multi family apartment in designated opportunity zone under an LLC?thx !
Looking into multifamily in a newly identified Opportunity Zone and was wondering if I could transfer money from my old employer's 401k plan into a Qualified Opportunity Fund. The goal being to defer the tax and early...
Hello everyone, I’m new to real estate and that even feels like an understatement. The more I listen and read the more questions I feel like I find and need answers to. That being said the one thing that I see many p...
Hi,I had a quick question - hypothetically, if I had capital gains on stocks, could I theoretically purchase a property that same year and do bonus depreciation from the property to offset my stock capital gains taxes...
Hello all,Looking for some sell-or-rent advice. My wife and I purchased our first-ever home in Viera, FL (on the Space Coast) for $430k back in Oct 2022 with 10% down using a 5/1 4.5% ARM. We're now 2y+ in, and set o...
I flip properties as a side job from my full time job and have been successful at it for about 9 years. I have always wanted to learn more about capital gains and the 1031 exchange program. I always keep my houses for...
Hello all, I have about 3 weeks to nominate a replacement property for my 1031 exchange and am looking for a CPA who can answer questions regarding the tax liability when the replacement period straddles tax years lik...